Tracking Ethereum’s price alongside daily percentage changes showed that over the year, ETH experienced significant volatility, with sharp spikes in both positive and negative daily changes.
Notably, recent weeks showed increased positive momentum, suggesting heightened activity and optimism among traders.
This pattern of sudden surges in positive daily changes, especially with recent peaks, indicated ETH was building momentum towards a potential new all-time high.
Ethereum’s Turn? Analyzing the Path to a New ATH
This thread dives into key metrics from past cycles and Bitcoin’s recent breakout to estimate Ethereum’s next move.
Let’s take a look pic.twitter.com/fJyxB7BpNG
— CryptoQuant.com (@cryptoquant_com) December 10, 2024
Given the trend of recovering prices accompanied by bursts of positive percentage changes, Ethereum could be positioning itself for a significant rally.
The analysis suggested that Ethereum had potential to hit and break previous price r
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